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The post Data Breaches Cost More Than $ 4 Million Per Incident, Power Industry at High Risk appeared first on POWER Magazine.
IBM Security reported on July 28 that the average cost of recent data breaches was $ 4.24 million per incident, the highest cost ever recorded by the company in 17 years of tracking the metric. Notably, data breaches in the U.S. were by far the costliest, exceeding $ 9 million per incident on average.
The findings were among several insights exposed through a global study of data breaches conducted by the independent Ponemon Institute, a analysis group known for its empirical studies. Researchers reviewed data breaches experienced by 537 organizations between May 2020 and March 2021. The incidents occurred in 17 countries and across various industries.
“We see the number, in general, tick up across the years—some years a little bit higher, some years a little lower—but in general, the trend has been the numbers increase over time,” IBM Cyber Threat Intelligence Expert Charles DeBeck told POWER during an exclusive interview.…
The post DOE Earmarks $ 109.5 Million to Support Coal Workers appeared first on POWER Magazine.
The U.S. Department of Energy (DOE) said it will provide $ 109.5 million in funding for projects that directly support job creation in communities impacted by the energy transition, particularly for workers and areas struggling due to closures of coal-fired power plants and coal mines.
The DOE in the April 23 announcement, made in connection with a White House report on economic revitalization in coal and power plant communities, said the financial support is among the “first results of a government-wide initiative launched by President Biden in the first week of his administration to boost the economic potential of coal and power plant communities.”
The White House Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization, which is part of the DOE, also announced it has chosen an executive director—Brian Anderson, longtime West Virginia resident and director of the National Energy Technology Laboratory (NETL)— to lead its efforts.…